Current Account in Thailand
Thailand - Current Account (billions of U.S. Dollars)The economic recovery continued in the third quarter, with the Thai economy posting a stellar growth rate. GDP increased 4.3% in annual terms, accelerating from 3.8% in the second quarter and beating market expectations. While the agricultural sector had a solid showing, growth was primarily driven by the external sector; exports have performed robustly throughout most of the year. On the domestic front, private consumption grew at a slightly quicker pace in the third quarter. Low inflation and interest rates, together with rising wages, buttressed household spending. The momentum is likely to carry over to the final quarter of the year, according to recent data. Exports and tourist arrivals increased in October, and the business confidence indicator recorded a slight improvement in November, signaling increased optimism in the non-manufacturing sector. However, private consumption growth slowed in October despite improved consumer confidence.
Thailand - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-1.6||-4.9||15.1||32.1||47.7|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Current Account (USD bn) Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Bond Yield||2.37||0.0 %||Dec 06|
|Exchange Rate||32.57||0.17 %||Dec 06|
|Stock Market||1,694||-1.41 %||Dec 06|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
January 1, 2018
Consumer prices in Thailand decreased 0.08% over the previous month in December, contrasting a 0.07% increase in November.
December 29, 2017
Manufacturing output jumped 4.2% in November in annual terms, sharply contrasting the previous month’s revised 0.3% contraction (previously reported: -0.1% year-on-year).
December 29, 2017
Thailand’s external sector recorded a USD 1.8 billion surplus in November, coming in slightly above the USD 1.6 billion surplus registered in the same month a year ago and significantly higher than the USD 0.2 billion surplus in October.
December 20, 2017
At its 20 December monetary policy meeting, the Bank of Thailand (BoT) unanimously voted to maintain the one-day repurchase rate at 1.50%, where it has been for over two years.
December 1, 2017
Consumer prices in Thailand increased 0.07% over the previous month in November, down from a 0.16% increase in October.